Midland Credit Management is a subsidiary of Encore Capital Group, which is a systems-driven purchaser and manager of charged-off consumer receivable portfolios. The company s success is built upon developing mutually beneficial relationships with its customers, debt sellers and buyers, business partners and employees. It purchases portfolios at deep discounts from their face value using its proprietary valuation process. Midland Credit Management and Encore employ a dynamic mix of collection strategies to maximize its return on investment, based upon an ongoing analysis of these accounts. The company s objective is to purchase portfolios at a price that allows it to recoup its purchase price within 12 months, and at least three times the purchase price throughout 54 months. Midland Credit Management and Encore Capital Group trade on the NASDAQ under the symbol ECPG and it is headquartered in San Diego.
Categories
Business ManagementFinancing ConsultantsFinancial Planning Consultants